March 15, 2024 02:07 GMT
MNI: PBOC Conducts CNY387 Bln MLF Fri; Rates Unchanged
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY387 billion via 1-year MLF CNY13 billion via 7-day reverse repo on Friday, with the rates unchanged at 2.50% and 1.80%, respectively. The MLF and reverse repo operation has led to a net drain of CNY91 billon after offsetting CNY481 billion MLF and CNY10 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8791% at 10:06 am local time from the close of 1.8873% on Thursday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Thursday, compared with the close of 47 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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